If you compare the increase in value of investment property in Paddington, 2021 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.10%.
Paddington,2021 was ranked 3643 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Paddington should be aiming for at least -5.86% off the asking price, which is the average vendor discount being achieved at the moment.
At number 585 in a list of fastest selling suburbs, Paddington is just in the bottom half of suburbs in Australia with an average of days on market 54.3 for properties listed there.
A $1150 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 6.44%.
With a capital gain of 28.29% for the last 12 months, Paddington, 2021 has performed for property investments than its average annual 8.99% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Paddington,2021 has racked up an average of 28.29% over the period. This ranks it number 158th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Paddington should be aiming for at least -2.63% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 2.61km from the CBD, Paddington is one of Woollahra localities in the postcode 2021.